TRUSTMF Liquid Fund
- NAV as on 24 Sep 2026
- ₹1,366.31+0.01%1 day
- Return since launch
- 5.9%
- 52-week range
- ₹1,285.51 — ₹1,366.18
- AUM
- ₹1,203 Cr
TRUSTMF Liquid Fund is a Liquid debt fund from TRUST Mutual Fund with ₹1,203 Cr under management, launched in 2021. Over three years it has returned 6.5% a year, against 6.8% for its category. The expense ratio is 0.25% and the SEBI riskometer reading is Low to Moderate.
Performance
TRUSTMF Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.3% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.4% |
| 2Y | 6.4% | 0.0 pts | 6.4% | 6.4% |
| 3Y | 6.5% | −0.2 pts | 6.8% | 6.5% |
| 5Y | 6.5% | +0.3 pts | 6.2% | 6.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | 0.0 pts | 1.6% | 1.6% |
| 6M | 3.4% | 0.0 pts | 3.4% | 3.4% |
| 1Y | 6.3% | 0.0 pts | 6.3% | 6.3% |
| 2Y | 6.5% | 0.0 pts | 6.5% | 6.5% |
| 3Y | 6.7% | 0.0 pts | 6.8% | 6.7% |
| 5Y | 6.2% | 0.0 pts | 6.2% | 6.2% |
Since launch (8 Apr 2021): 5.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.4% | −0.1 pts | 6.4% |
| 2024 | 7.2% | −0.1 pts | 7.3% |
| 2023 | 7.0% | 0.0 pts | 7.0% |
| 2022 | 4.7% | −0.1 pts | 4.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.25%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.22%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.03%
- Exit load
- Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Liquid Debt A-I Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 4.33 | 4.97 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 8.24 | 9.82 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.20 | 0.20 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
TRUSTMF Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt99.5%
- Other0.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 8.30% | ₹99.82 Cr | — | +15.87% | +8.74% |
| ICICI Securities Ltd. | Financial | 4.14% | ₹49.78 Cr | — | +5.30% | +2.92% |
| Union Bank of India | Financial | 4.14% | ₹49.81 Cr | +2.44% | — | — |
| Axis Bank Ltd. Warrant | Financial | 4.13% | ₹49.62 Cr | — | — | — |
| Aditya Birla Money Ltd. | Financial | 4.11% | ₹49.48 Cr | +2.43% | — | — |
| Canara Bank | Financial | 4.10% | ₹49.33 Cr | +2.44% | +2.65% | — |
| HDFC Bank Ltd. | Financial | 4.10% | ₹49.36 Cr | +7.32% | +2.65% | +5.84% |
| National Bank For Agriculture & Rural Development | Financial | 2.08% | ₹24.96 Cr | +2.45% | +5.23% | +2.93% |
| Bank Of Baroda | Financial | 2.07% | ₹24.94 Cr | +4.82% | +2.61% | +5.86% |
| Hindustan Petroleum Corporation Ltd. | Energy | 2.07% | ₹24.88 Cr | — | — | — |
| Reserve Bank of India | Financial | 2.06% | ₹24.80 Cr | +2.42% | +5.35% | +0.59% |
| Kotak Mahindra Securities Ltd. | Financial | 2.05% | ₹24.60 Cr | — | +2.64% | +2.90% |
| company:8137 | Services | 2.05% | ₹24.69 Cr | — | — | — |
| company:8781 | Financial | 2.04% | ₹24.59 Cr | — | — | — |
| Others | Others | 0.69% | ₹8.07 Cr | +0.48% | +0.50% | +0.53% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Financial Securities Ltd. | 4.41% | 0.00% | -4.41% |
| Kotak Mahindra Securities Ltd. | 4.38% | 2.05% | -2.33% |
| Axis Bank Ltd. | 2.20% | 0.00% | -2.20% |
| Piramal Finance Ltd. | 2.20% | 0.00% | -2.20% |
| company:8137 | 0.00% | 2.05% | +2.05% |
| company:8781 | 0.00% | 2.04% | +2.04% |
| Canara Bank | 2.20% | 4.10% | +1.90% |
| HDFC Bank Ltd. | 2.20% | 4.10% | +1.90% |
| ICICI Securities Ltd. | 4.38% | 4.14% | -0.24% |
| Union Bank of India | 4.38% | 4.14% | -0.24% |
| Aditya Birla Money Ltd. | 4.35% | 4.11% | -0.24% |
| Small Industries Devp. Bank of India Ltd. | 4.39% | 4.15% | -0.24% |
| Axis Bank Ltd. Warrant | 4.36% | 4.13% | -0.23% |
| Bank Of Baroda | 2.19% | 2.07% | -0.12% |
| Hindustan Petroleum Corporation Ltd. | 2.19% | 2.07% | -0.12% |
| National Bank For Agriculture & Rural Development | 2.20% | 2.08% | -0.12% |
| Reserve Bank of India | 2.18% | 2.06% | -0.12% |
| Others | 0.18% | 0.17% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹22,488 Cr | 0.19% | 6.7% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.7% | 6.7% | 6.7% |
 DSP Liquid Fund | ₹27,920 Cr | 0.21% | 6.6% | 6.7% | 6.7% |
 Edelweiss Liquid Fund | ₹13,272 Cr | 0.17% | 6.6% | 6.7% | 6.7% |
 Franklin India Liquid Fund | ₹6,082 Cr | 0.20% | 6.7% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹1,825 Cr | 0.15% | 6.7% | 6.7% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide reasonable returns at a high level of safety and liquidity through investments in high quality debt and money market instruments.
Fund managers
- Jalpan ShahMr. Shah is a B.E. (Mechanical) and holds a PGDM.Prior to joining Trust Mutual Fund,he was associated with HSBC Mutual Fund, L&T Mutual Fund, FIL Fund Management Private Limited (Dec 2007-Nov 2012), Lotus India Asset Management Company Private Limited (Sep 2007-Nov 2007) as a Research Analyst, UTI Asset Management Company Private Limited (July 2006-Aug 2007) as a Research Analyst and UTI Asset Management Company Private Limited(May 2004-June 2006) as a Sales & Marketing Manager.
- Shradhanjali PandaMBAPrior to joining the Trust MF, she was associated with TRUST Group, Value creator with Hexagon Global IT Services Private Ltd, Aditya Birla Sun Life Asset Management Company Private Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.35% absolute | ₹60,000 | ₹62,010 | 3.35% | |
| 1 year6.28% annualised | ₹1,20,000 | ₹1,24,161 | 3.47% | |
| 3 years6.72% annualised | ₹3,60,000 | ₹3,99,853 | 11.07% | |
| 5 years6.16% annualised | ₹6,00,000 | ₹7,04,173 | 17.36% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.